HILO, Hawaii – When it comes to government revenues and appropriations on Hawaii Island, its a wait-and-see situation.
“This is gonna be a very tight year,” Mayor Harry Kim told the Hawaii County Council Finance Committee on Tuesday, the first day of a three-day public budget review.
Bill 11 will establish a balanced, $473,998,961 budget for the 2017-18 fiscal year. As it is, the spending plan is 2.38 percent higher than last year’s budget. However, the numbers are likely to change.
Two state-level matters looming large over the budget: collective bargaining and the TAT, or Transient Accomodations Tax.
“All of it we do not control,” Kim said, admitting that the “budget looks very negative right now.”
Kim told the council that he is taking a look at raising the fuel tax, but has no plans to push to initiate GET collections.
Kim and several councilmembers also agreed that the growing vacation rentals around the island need to be examined and possibly taxed accordingly.
We will be posting more from these hearings under the tag: Hawaii 2017-18 County Budget.